First Majestic Silver Corp. (TSE:FR) Price Target Cut to C$11.00 by Analysts at National Bank Financial

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) had its target price decreased by equities research analysts at National Bank Financial from C$12.00 to C$11.00 in a report issued on Tuesday. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s target price points to a potential upside of 39.42% from the stock’s current price.

Other analysts have also issued research reports about the company. TD Securities reissued a “hold” rating and set a C$14.00 price objective on shares of First Majestic Silver Corp. in a report on Friday, April 21st. BMO Capital Markets reissued a “market perform” rating and set a C$12.00 price objective on shares of First Majestic Silver Corp. in a report on Wednesday, July 12th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating and set a C$10.75 price objective on shares of First Majestic Silver Corp. in a report on Thursday, April 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. First Majestic Silver Corp. presently has a consensus rating of “Hold” and an average price target of C$11.67.

First Majestic Silver Corp. (TSE:FR) traded down 3.80% during trading on Tuesday, reaching $7.59. The company’s stock had a trading volume of 851,427 shares. The firm has a market capitalization of $1.25 billion and a price-to-earnings ratio of 66.00. First Majestic Silver Corp. has a 52-week low of $7.51 and a 52-week high of $24.96. The stock’s 50-day moving average is $10.22 and its 200 day moving average is $11.29.

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In related news, insider Todd Olson Anthony purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of C$7.63 per share, with a total value of C$38,150.00. Also, Director Robert A. Mccallum sold 7,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of C$12.15, for a total value of C$85,050.00. Insiders have sold a total of 168,800 shares of company stock worth $1,751,290 in the last three months.

About First Majestic Silver Corp.

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.